Warburg Pincus leads race for Brookfield BPO
Warburg is competing with other investors such as BPEA EQT-backed Sagility and Veritas Capital, they added. If completed, the buyout will be the largest in India by Warburg Pincus, the fund that started the private equity rush in the country with its successful investment in Bharti Airtel. However, no exclusivity has been signed between the […]
ACC not to conduct independent probe into Hindenburg allegations
The cement maker, India’s oldest manufacturer of the commodity, said that based on the review of independent law firms hired by the Adani Group, and the pending outcome of regulatory investigations into the matter, ACC has decided to not carry out any separate independent probe.
Fedbank Financial Services files IPO prospectus with Sebi
The IPO comprises a fresh issue of up to ₹750 crore and an offer for sale aggregating up to 70.3 million shares by promoters and other shareholders. Fedbank Financial focuses on catering to the MSMEs and the emerging self-employed individual sector.
Sebi puts in place framework for corporate debt market development fund
It would also enhance secondary market liquidity by creating a permanent institutional framework for activation in times of market stress.
Traders ignore recent weakness; roll over bullish Nifty bets to August
The rollover in Nifty futures to August was about 80% against the three-month average of 79%, according to provisional data. A rollover happens when a trader closes the position before expiry and opens a similar new position in the next month’s contract. The process happens only in futures contracts.